There is no doubt that the statement issued by the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg is the first constructive step towards the consensus with the Bitcoin environment and entrepreneurs. Law Library of Congress in cooperation with BitLegal proves this writing to be the first from the country on the corresponding matter.
It is not surprising that the document published on the 14th of February features common worries on the flexibility and lack of stability of the online asset and warnings addressed towards common users that might suffer sufficient loses. Although, the most attention is dedicated to the attempt to rule out and register businesses engaged in Bitcoin and other cryptographic currencies.